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Angel Commercial Completes $3.9M Sale Of 6,617 SF Industrial Building In Westport, CT

Property Image
SOLD
$3,900,000

Connecticut

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Industrial6,617 SF
Sold 12/22/2023
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Property Image
SOLD

Angel Commercial Completes $3.9M Sale Of 6,617 SF Industrial Building In Westport, CT

950 Post Road East

See Similar Deals
Industrial6,617 SF
Sold 12/22/2023
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$589
Total Square Footage:6,617 SF
Transaction Type:Sale

Angel Commercial, LLC has completed the $3.9 million sale of 950 Post Rd. East, a 6,617-square-foot industrial building on 0.67 acres in Westport, Connecticut. The property, formerly occupied by Men's Wearhouse, offers ample space for industrial activities.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,900,000
  • Size: 6,617 square feet
  • Price per Square Foot: $589
  • Address: 950 Post Road East, Westport, CT
  • Market: Westport, CT

Eva Kornreich of Angel Commercial represented the seller in this transaction. The sale of 950 Post Rd. East showcases the expertise and commitment of Eva Kornreich and the Angel Commercial team in facilitating successful industrial property transactions in the Westport area.

Players

Eva Kornreich
Angel Commercial
Eva Kornreich
3 deals$8.4M volume
BROKER

Details

SOLD
IMAGE: Eva Kornreich DATE: 12/22/2023 ADDRESS: 950 Post Road East MARKET: Westport, CT ASSET TYPE: Industrial BROKER: Eva Kornreich - Angel Commercial SALE PRICE: $3,900,000 SF: 6,617 ~ PPSF: $589 NOTE: Angel Commercial, LLC has completed the $3.9 million sale of 950 Post Rd. East, a 6,617-square-foot building on 0.67 acres in Westport, Connecticut, formerly housing Men’s Wearhouse.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88